Why is Bhatia Colour falling/rising?

As of 30-Sep, Bhatia Colour Chem Ltd is experiencing a price increase, with its current price at Rs. 406.90, reflecting a rise of Rs. 7.45 or 1.87%. The stock has recently hit a new 52-week and all-time high, and it has outperformed its sector by 2.46%. Over the past three days, the stock has gained 5.96%, and it is trading above all key moving averages, indicating strong upward momentum. However, there has been a decline in investor participation, with delivery volume falling by 14.14% compared to the five-day average, which could suggest some caution among investors despite the positive price movement.
Broader Market Context: In the context of market performance, Bhatia Colour Chem Ltd has significantly outperformed the Sensex, with a one-week return of +3.80% compared to the benchmark's -2.23%. Over the past month, the stock has surged by 27.98%, while the Sensex has only increased by 0.57%. Year-to-date, Bhatia Colour has achieved a remarkable return of 68.28%, contrasting sharply with the Sensex's modest gain of 2.72%. This strong performance relative to the benchmark highlights the stock's resilience and attractiveness to investors in a challenging market environment.